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OCEAN gains 86.4% in March ahead of Q2 launch of Ocean v4

Data security and accessibility have become important issues of the modern age as the world slowly progresses towards a Web3 future that establishes blockchain technology as the underlying infrastructure for the new internet.

One project that is looking to capitalize on this growing trend by establishing tools for the new Web3 data economy is . . . → Read More: OCEAN gains 86.4% in March ahead of Q2 launch of Ocean v4

2 metrics signal traders do not expect $2T crypto market cap anytime soon

Cryptocurrencies failed to break the 42-day long downtrend after the $1.95-trillion capitalization resistance was rejected on March 20. Even though Bitcoin (BTC) gained a modest 3.7% over the past seven days, altcoins presented a robust rally.

Crypto markets’ aggregate capitalization showed a 6.2% increase to $1.92 trillion between March 14 and 21. Such performance . . . → Read More: 2 metrics signal traders do not expect $2T crypto market cap anytime soon

Tom Brady tweets he’s ‘a big fan’ of Vitalik Buterin

Ethereum co-founder Vitalik Buterin recently spoke about his biggest concerns regarding the crypto industry with Time magazine. Following the interview’s publication, Buterin responded to tweets that negatively compared his appearance to that of Tom Brady, NFL star and founder of the nonfungible token (NFT) marketplace Autograph. 

The quote tweets on the new time article . . . → Read More: Tom Brady tweets he’s ‘a big fan’ of Vitalik Buterin

Price analysis 3/21: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Bitcoin (BTC) and most major altcoins are attempting to start the new week on a positive note by bouncing off their respective support levels.

Goldman Sachs became one of the first major banks in the United States to complete an over-the-counter “cash-settled cryptocurrency options trade” with the trading unit of Michael Novogratz’s Galaxy Digital. . . . → Read More: Price analysis 3/21: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

6 Questions for John deVadoss of Neo and the Global Blockchain Business Council

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!

This week, our 6 Questions go to John deVadoss, the head of development at Neo — an open-source blockchain development platform — and a . . . → Read More: 6 Questions for John deVadoss of Neo and the Global Blockchain Business Council

Every Bitcoin helps: Crypto-fueled relief aid for Ukraine

The people of Ukraine require the world’s help more than ever before. As the conflict between Russia and Ukraine continues to rage on, the world must rally behind the Ukrainian government to bring back peace and stability to the Eastern European nation.

The crypto community has done just that with nonfungible token (NFT) companies, decentralized . . . → Read More: Every Bitcoin helps: Crypto-fueled relief aid for Ukraine

PoW avoids EU ban, two DeFi protocols suffer a combined $11M hack and BAYC does an ApeCoin airdrop: Hodler’s Digest, March 13-19

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Ukraine’s president signs law establishing regulatory framework for crypto . . . → Read More: PoW avoids EU ban, two DeFi protocols suffer a combined $11M hack and BAYC does an ApeCoin airdrop: Hodler’s Digest, March 13-19

A detailed guide on how to lose all your Bitcoin investments

Let’s say you want to lose your Bitcoin (BTC) totally, irretrievably and forever. Hey, it’s not our place to wonder why. Maybe it’s part of some elaborate performance art piece, like the guy who destroyed all his possessions or perhaps you’ve always been big fans of electronic music outfit The KLF, who famously burned . . . → Read More: A detailed guide on how to lose all your Bitcoin investments

Ethereum balance on crypto exchanges falls to lowest levels since 2018

The amount of Ethereum‘s native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders‘ intention to hold the tokens in hopes of a price rally in 2022.

Notably, nearly 550,000 ETH — worth around $1.61 billion — have left centralized trading platforms year-to-date, according to . . . → Read More: Ethereum balance on crypto exchanges falls to lowest levels since 2018

Bitcoin beats owning COIN stock by 20% since Coinbase IPO

Buying a Coinbase stock (COIN) to gain indirect exposure in the Bitcoin (BTC) market has been a bad strategy so far compared to simply holding BTC. 

Notably, COIN is down by nearly 50% to almost $186, if measured from the opening rate on its initial public offering (IPO) on April 14, 2021. In comparison, . . . → Read More: Bitcoin beats owning COIN stock by 20% since Coinbase IPO

European ‘MiCA’ regulation on digital assets: Where do we stand?

The proposed European Union Regulation on Markets in Crypto Assets, or MiCA, (hereinafter the “regulation”) was put to a vote in the European Union Parliament’s Committee on Economic and Monetary Affairs on March 14, 2022, and in the end, the proposed amendment to ban or restrict proof-of-work-based crypto assets, which would have effectively resulted . . . → Read More: European ‘MiCA’ regulation on digital assets: Where do we stand?

Altcoin Roundup: Three layer-1 protocols see inflows amid choppy, volatile market conditions

Layer-1 (L1) protocols are the foundation of the decentralized application ecosystem, with the Ethereum network dominating the landscape in terms of the number of protocols launched on-chain and total value locked (TVL), followed by BNB Chain and Fantom. 

As the sideways market of 2022 drags on and serious projects use the time away from . . . → Read More: Altcoin Roundup: Three layer-1 protocols see inflows amid choppy, volatile market conditions

Vitalik Buterin talks crypto’s perils in Time Magazine interview

Ethereum co-founder Vitalik Buterin graced the front page of Time Magazine this month after he was interviewed by the publication about the potential perils of the industry he helped tocreate. 

During the 80-minute interview, Buterin explained the “dystopian potential” of digital assets if implemented incorrectly. Among his biggest worries are overzealous investors, high . . . → Read More: Vitalik Buterin talks crypto’s perils in Time Magazine interview

Bitcoin spikes to $41.7K highs as Ethereum nears $3K reclaim

Bitcoin (BTC) saw brisk upwards action during the Wall Street trading session on March 18, conforming to predictions that higher levels would see a retest.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bets placed on $46,000

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it advanced $1,650 from daily lows to nearly matching . . . → Read More: Bitcoin spikes to $41.7K highs as Ethereum nears $3K reclaim

Bitcoin rally hopes diminish as pro traders flip bearish, retail interest at 12-month lows

Bitcoin (BTC) has been trapped in a symmetrical triangle for 56 days and the trend change could last until early May, according to price technicals.

Currently, the support level stands at $38,000, while the triangle resistance for daily close stands at $43,600.

Bitcoin mining up, retail interest down Bitcoin/USD price at FTX. Source: . . . → Read More: Bitcoin rally hopes diminish as pro traders flip bearish, retail interest at 12-month lows

Price analysis 3/18: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Bitcoin (BTC) is facing a challenging environment in 2022 due to the surging inflation and geopolitical turmoil. Although gold has outperformed Bitcoin year-to-date, Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin could make a strong comeback. McGlone expects the current circumstances to “mark another milestone in Bitcoin’s maturation.” 

Another bullish sign for . . . → Read More: Price analysis 3/18: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Stranded no more? Bitcoin miners could help solve Big Oil’s gas problem

The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.”

Bitcoin mining is an energy-consuming process, as it is a proof-of-work (PoW) blockchain . . . → Read More: Stranded no more? Bitcoin miners could help solve Big Oil’s gas problem

The blockchain projects making renewable energy a reality

Much has been said about Bitcoin‘s carbon emissions. Far less has been said about the potential of blockchain to increase the efficiency of renewables by transparently managing supply and demand. Blockchain doesn‘t pose a threat to the planet — it’s going to play an essential role in helping to bring about a net-zero carbon . . . → Read More: The blockchain projects making renewable energy a reality

‘How I met Satoshi’: The mission to teach 100M people about Bitcoin by 2030

Dušan Matuska is, among many other things, a Bitcoin educator and consultant. The Slovak’s dream is to educate 100 million people about Bitcoin (BTC) by 2030 through talks, podcasts, webinars, workshops and even a Bitcoin education center in a far-flung destination (plans are currently under wraps). 

Alongside his Bitcoin teaching aspirations, he helps out . . . → Read More: ‘How I met Satoshi’: The mission to teach 100M people about Bitcoin by 2030

Qatar exploring digital banks and central bank digital currencies

The Qatar Central Bank (QCB) is reportedly investigating the possibility of launching a digital currency and issuing digital bank licenses. 

According to the head of the fintech section at QCB, Alanood Abdullah Al Muftah, the central bank is expected to set a direction for its future focus soon on a range of fintech . . . → Read More: Qatar exploring digital banks and central bank digital currencies

Bitcoin could see $37.5K weekend dip before ‘bigger move’ next week — new report

Bitcoin (BTC) is set for a “bigger move” as soon as next week, fresh analysis says as volatility faces a breakout situation.

In its latest market update, trading suite Decentrader told readers that the time would soon come to “pull the trigger” with liquidity as BTC price action goes up or down.

Analyst on . . . → Read More: Bitcoin could see $37.5K weekend dip before ‘bigger move’ next week — new report

$1 million rock NFT sells for a penny in all ore nothing error

It’s a hard rock life for one crypto user. A clumsy keystroke and the actions of a sniper bot caused a million-dollar mistake on March 10.

A rock valued at 444 Ether (ETH), or $1.2 million, sold for 444 Wei ($0.0012) to a bot as the seller, DinoDealer, confused WEI and ETH. In a . . . → Read More: $1 million rock NFT sells for a penny in all ore nothing error

Bitcoin holds $40K as on-balance volume hints at multi-month BTC price breakout

Bitcoin (BTC) narrowed its consolidation range on March 18 as the TradFi trading week looked set to end with $40,000 still in place.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders patiently await paradigm shift

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD preserving $40,000 support overnight and with it, the area highlighted as . . . → Read More: Bitcoin holds $40K as on-balance volume hints at multi-month BTC price breakout

Miners that hodl the most Bitcoin are ‘relentlessly expanding’

Bitcoin (BTC) miners are holding more and more Bitcoin while “relentlessly expanding” their operations in 2022.

A report by Arcane Research indicates that publicly listed Bitcoin miners are “constantly looking for expansion opportunities,” as they “plan to increase hashrate faster than the whole network in 2022.” 

Publicly listed Bitcoin miners projected hashrates. Source: . . . → Read More: Miners that hodl the most Bitcoin are ‘relentlessly expanding’

ETH derivatives show pro traders are worried about Ethereum’s $2.5K support

Ether (ETH) investors are having a rough time in 2022, with ETH accumulating 25% losses year-to-date as of March 17. Still, the cryptocurrency has bounced multiple times near $2,500 over the past couple of months, signaling a solid support level.

Ether/USD price at FTX. Source: TradingView

On March 15, Ethereum developer Tim Beiko announced . . . → Read More: ETH derivatives show pro traders are worried about Ethereum’s $2.5K support

Paxful partners with Miami mayor to give away 500 tickets to Bitcoin 2022 conference

Digital payment platform Paxful has partnered with nonprofit organization Built With Bitcoin Foundation and Miami Mayor Francis Suarez to advance a new education initiative centered around Bitcoin (BTC) and financial literacy. 

The initiative will disburse free tickets to the Bitcoin 2022 conference to local colleges and universities as part of a broader effort . . . → Read More: Paxful partners with Miami mayor to give away 500 tickets to Bitcoin 2022 conference

Bitcoin faces new ‘milestone’ in 2022 as new forecast predicts BTC price ‘in the millions’

Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed.

In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin’s (BTC) future under the current macro conditions.

Gold beating Bitcoin is “unlikely” . . . → Read More: Bitcoin faces new ‘milestone’ in 2022 as new forecast predicts BTC price ‘in the millions’

The Internet of Beer: Robotics startup taps Bitcoin to deliver automated beverage

Pubinno, a San Francisco-based technology firm that creates the “Internet of Beer” with artificial intelligence, robotics and cloud computing platforms, has now integrated a Bitcoin (BTC) payment infrastructure into its system.

Pubinno accepted BTC payments using the Lightning Network at the #LightningHackdaysIST held from Feb. 25 to 27. By using their Lightning Network-supporting wallets, . . . → Read More: The Internet of Beer: Robotics startup taps Bitcoin to deliver automated beverage

Bitcoin maintains $40K support as Fed confirms first rate hike in 4 years

Bitcoin (BTC) held $40,000 on March 17 after an anticipated key interest rate hike from the Federal Reserve delivered a strong response.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed singles out Ukraine war in inflation comments

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $41,500 after the Fed . . . → Read More: Bitcoin maintains $40K support as Fed confirms first rate hike in 4 years

‘We’re already buying:’ Terra founder plans to obtain $10B BTC for reserves

The founder of Terraform Labs (TFL) and Ethereum competitor Terra Do Kwon has outlined plans to accumulate a whopping $10 billion worth of Bitcoin (BTC) to add to the project’s stablecoin reserves.

Terra is a decentralized blockchain platform that specializes in stablecoin minting. Its Terra USD (UST) is an algorithmic stablecoin pegged . . . → Read More: ‘We’re already buying:’ Terra founder plans to obtain $10B BTC for reserves

Snoop Dogg may be the face of Web3 and NFTs, but what does that mean for the industry?

Described by many users and outsiders as the Wild West, Web3 is open-source and decentralized, and it has been prompting many to look for ways to profit from its features, especially with the growing Metaverse.

While some companies and investors are sorting out where to place their best bets, popular rapper and nonfungible . . . → Read More: Snoop Dogg may be the face of Web3 and NFTs, but what does that mean for the industry?

Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry

Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support.

Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period.

Bitcoin/USD 1-day candle chart. Source: . . . → Read More: Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry

Price analysis 3/16: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Bitcoin (BTC) is witnessing a see-saw battle near $40,000 with both the bulls and the bears trying to gain the upper hand. The volatility could remain high as the markets await the United States Federal Reserve’s policy decision due on March 16.

Analyst Willy Woo suggests that Bitcoin could witness a capitulation event based . . . → Read More: Price analysis 3/16: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

You don’t need to be angry about NFTs

NFTs are blamed for everything from tacky art to economic inequality and environmental destruction. But, the arguments by critics don‘t add up, writes Something Interesting‘s Knifefight.

“For every minute you are angry, you lose sixty seconds of happiness.”

— Ralph Waldo Emerson

Toward the end of January, one of my favorite content producers on . . . → Read More: You don’t need to be angry about NFTs

BTC price cracks $41K as hopes of peace in Eastern Europe send Bitcoin higher

Bitcoin (BTC) returned above $41,000 prior to the Wall Street open on March 16 as good news from Asia and Russia buoyed stocks.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC on track to close week higher

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $41,000 as a focus after the Chinese government . . . → Read More: BTC price cracks $41K as hopes of peace in Eastern Europe send Bitcoin higher

Fighting economic warfare with crypto’s double-edged sword

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century.

Economic warfare can’t be separated from geopolitical conflict, and just like in the violence of physical war, innocent civilians . . . → Read More: Fighting economic warfare with crypto’s double-edged sword

3 reasons why Ethereum price can still retest $3K this month

Ethereum’s native token, Ether (ETH), could reach back to $3,000 in March, backed by a mix of short-term technical, fundamental and on-chain catalysts.

ETH’s price paints “symmetrical triangle”

The first interim bullish outlook for Ether ironically comes from a bearish continuation pattern.

Notably, ETH’s 50%-plus decline from its all-time high of around $4,650 on . . . → Read More: 3 reasons why Ethereum price can still retest $3K this month

‘We don’t like our money’: The story of the CFA and Bitcoin in Africa

Nearly 150 million people use the franc of the Financial Community of Africa (CFA) on a daily basis, from Senegal in the extreme west to Gabon in the center of the continent.

Used in 14 countries, the CFA franc is pegged to the euro, printed in France and its monetary policy is controlled by . . . → Read More: ‘We don’t like our money’: The story of the CFA and Bitcoin in Africa

Bitcoin runs the world: Traveling to 40 countries in 400 days with BTC

A fast-moving Bitcoiner has run through seven of 40 countries on his Bitcoin-powered marathon around the world.

Paco the Runner, also known as Paco de la India, set off on Sept. 17, 2021, paying for his entire running trip thanks to all the Bitcoiners around the world. He’s showing that “Bitcoin gives everyone freedom . . . → Read More: Bitcoin runs the world: Traveling to 40 countries in 400 days with BTC

Answering a morbid question: What happens to your Bitcoin when you die?

When Bitcoin (BTC) traders pass away, their BTC may forever be lost within the blockchain if they haven’t given anyone else access to their wallets. However, an exchange project wants to give crypto traders another option. 

Back in 2020, a study showed that many crypto investors worry about what happens to their digital assets . . . → Read More: Answering a morbid question: What happens to your Bitcoin when you die?

Bitcoin calls traders‘ bluff with fresh $40K fakeout as Fed decision day arrives

Bitcoin (BTC) tested traders‘ neves yet again on March 16 as a fresh spike over $40,000 ended in minutes.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Shorts feel the burn after abrupt trip to $41,700

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly surging to highs of $41,700 on Bitstamp before instantly reversing.

. . . → Read More: Bitcoin calls traders‘ bluff with fresh $40K fakeout as Fed decision day arrives

Truth or fiction? Popular former hacker claims to have $7B in BTC

A former blackhat hacker who goes by the name Gummo online claims to have amassed around $7 billion worth of Bitcoin (BTC).

Despite a flood of positive comments and posts relating to his interviews with the Soft White Underbelly YouTube channel — which has 3.18 million subscribers — information about Gummo is scarce . . . → Read More: Truth or fiction? Popular former hacker claims to have $7B in BTC

‘Unlucky:’ Agave and Hundred Finance DeFi protocols exploited for $11M

A hacker has made off with approximately $11 million in wrapped ETH (wETH), wrapped BTC (wBTC), Chainlink (LINK), USD Coin (USDC), Gnosis (GNO) and wrapped XDAI (wxDAI) after using a “re-entrancy” attack on decentralized finance (DeFi) lending protocol applications Agave and Hundred Finance.

The attack comes within 24 hours of the news breaking . . . → Read More: ‘Unlucky:’ Agave and Hundred Finance DeFi protocols exploited for $11M

Ethereum Merge testing on Kiln mostly successful, save for one minor bug

On Tuesday, Ethereum developer Tim Beiko tweeted that Kiln successfully passed the Ethereum Merge, with validators producing post-merge blocks containing transactions. Kiln will be the last Merge testnet — formerly Ethereum 2.0 — before existing public testnets are upgraded. “Merge” involves taking Ethereum‘s Execution Layer from the existing proof-of-work (PoW) layer and merging it with the . . . → Read More: Ethereum Merge testing on Kiln mostly successful, save for one minor bug

GRT rallies 39% as subgraphs migrate to The Graph’s decentralized mainnet

As the growing digital economy undergoes a transition from Web2 to Web3, oracle and data providers are becoming an increasingly important sector for ensuring the reliable sharing and transfer of information. 

The Graph (GRT) is one protocol that is spearheading the integration of blockchain technology with data management and retrieval through the creation of . . . → Read More: GRT rallies 39% as subgraphs migrate to The Graph’s decentralized mainnet

ConsenSys raises $450M in Series D funding, doubles valuation in four months

On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450-million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more . . . → Read More: ConsenSys raises $450M in Series D funding, doubles valuation in four months

Bitcoin risks final ‘bear market capitulation’ as rich investors continue BTC selloff — analyst

Bitcoin (BTC) could undergo one last bear market capitulation if “whales” — addresses that hold more than $1 million worth of Bitcoin — ramp up their selling pressure, according to on-chain analyst Willy Woo.

Room for another Bitcoin drop?

Woo assessed the average price at which short-term investors entered the Bitcoin market across history and charted . . . → Read More: Bitcoin risks final ‘bear market capitulation’ as rich investors continue BTC selloff — analyst

Which tokens should you buy and hodl in 2022? | Find out now on The Market Report live

“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which tokens you should buy and hodl in 2022.

But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook . . . → Read More: Which tokens should you buy and hodl in 2022? | Find out now on The Market Report live

Legal DAOs: Why are the Marshall Islands betting on a decentralized future?

The Republic of the Marshall Islands made history in the second week of February after it formally recognized decentralized autonomous organizations (DAOs) as legal entities. 

The Marshall Islands revised its Non-Profit Entities Act 2021, making it possible for any DAO to register and commence operations in the country. The amendments to the law mean . . . → Read More: Legal DAOs: Why are the Marshall Islands betting on a decentralized future?

Bitcoin fails to crack $39K on Wall Street open as markets await Fed inflation decision

Bitcoin (BTC) began to show fresh volatility as Wall Street trading began on March 15, ahead of a crucial interest rate announcement from the United States Federal Reserve.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crunch time for the Fed on inflation

Data from Cointelegraph Markets Pro and TradingView highlighted a roughly $500 fall for . . . → Read More: Bitcoin fails to crack $39K on Wall Street open as markets await Fed inflation decision

Bitcoin stealing malware: Bitter reminder for crypto users to stay vigilant

An unfortunate Bitcoin (BTC) user was duped out of 0.255 BTC, almost $10,000, due to malware running on their computer. 

Louis Nel, a tech blogger and crypto enthusiast, flagged the issue on Twitter, referring to his friend as ‘C.’

A friend sent 0.255BTC from his bitcoin wallet to an exchange.

He copied . . . → Read More: Bitcoin stealing malware: Bitter reminder for crypto users to stay vigilant

Dedicated crypto teams booming within traditional financial firms

Despite the financial volatility that has engulfed the global economic landscape over the last month or so, there seems to be no stopping the growth of the cryptocurrency market, especially the nonfungible token (NFT) sector. This growth is highlighted by the fact that crypto’s total market capitalization has increased from around $800 billion to . . . → Read More: Dedicated crypto teams booming within traditional financial firms

UK financial watchdog seeks crypto talent amid new crackdown

The United Kingdom’s Financial Conduct Authority (FCA) is seeking senior executives with cryptocurrency-related expertise as the regulator is preparing to launch a new crypto department to regulate the industry.

According to FCA’s job postings on LinkedIn, the authority is now hunting for a head of the digital assets department and a director of . . . → Read More: UK financial watchdog seeks crypto talent amid new crackdown

Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte

A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base from which to create a cheaper, faster and more secure ecosystem for electronic fiat or central bank digital currencies (CBDCs).

Deloitte’s analysis, “State-Sponsored Cryptocurrency,” pointed out the need for a complete redesign of the traditional fiat ecosystem to . . . → Read More: Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte

Binance temporarily halts Polygon deposit and withdrawal to sync nodes

Binance, the world’s biggest crypto exchange by trading volume, announced earlier on Tuesday that it will be temporarily pausing deposits and withdrawals for Polygon Network.

The announcement came in the wake of the Polygon network’s outage since Friday after a network upgrade. The crypto exchange noted that it would reopen the deposit and withdrawal . . . → Read More: Binance temporarily halts Polygon deposit and withdrawal to sync nodes

Ethereum ‘Merge’ edging closer with final Kiln testnet launch

The much-anticipated ‘Merge’ on the Ethereum network is another step closer to becoming a reality after the final public testnet Kiln launched to put it through its paces.

On Monday, the Ethereum Foundation urged network stakeholders to run tests using Kiln “to ensure a smooth transition on existing public testnets.”

“We strongly recommend . . . → Read More: Ethereum ‘Merge’ edging closer with final Kiln testnet launch

How professional Ethereum traders place bullish ETH price bets while limiting losses

Being bullish on Ether (ETH) over the past four months did not pay off, as its price dropped 44% from $4,600. The decentralized finance (DeFi) applications growth that fueled the rally faded away, partially due to network congestion and average transaction fees of $30 and higher.

The cool-off period can also be attributed to . . . → Read More: How professional Ethereum traders place bullish ETH price bets while limiting losses

Bitcoin‘s got 3 strikes, but investors remain calm despite price drop

After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected.

According to Euronews Next, on March 14, the European Union rejected a proposed rule that could have banned the energy-intensive proof-of-work (PoW) mining algorithm . . . → Read More: Bitcoin‘s got 3 strikes, but investors remain calm despite price drop

Blockchain play-and-earn games focus on building even as NFT prices fall

Nonfungible tokens (NFTs) were in a strong bull run from Jan. 1 to mid-February. During this time, OpenSea volumes topped $5 billion and then fell to $3.6 billion toward the end of February. This could have been a sign that the overall sentiment of the crypto and NFT market was correcting. 

As Q2 approaches, the . . . → Read More: Blockchain play-and-earn games focus on building even as NFT prices fall

Here’s how Asian countries deal with crypto sanctions against Russia

Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies to potentially evade sanctions, some countries in Asia have also been moving to respond to the situation.

Japan to fine crypto exchanges for violating sanctions

Japan became the latest country in Asia to call cryptocurrency firms to . . . → Read More: Here’s how Asian countries deal with crypto sanctions against Russia

Price analysis 3/14: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Bitcoin (BTC) has largely been directionless since the start of the year as the bulls have been buying on dips while bears are selling the rallies. This suggests that the price is consolidating in a large range with both the bulls and the bears waiting for the next trigger to establish their supremacy. 

The . . . → Read More: Price analysis 3/14: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Bitcoin could crush Russian ruble by rising another 140%, classic technical setup suggests

Bitcoin (BTC) has declined by around 30% after topping out at 5.8 million rubles a token on March 9. Nonetheless, the said drop could be an excuse for traders to dump another big stash of the Russian national currency if a classic bullish continuation pattern plays out.

Bitcoin heads towards 11 million rubles

Dubbed . . . → Read More: Bitcoin could crush Russian ruble by rising another 140%, classic technical setup suggests

Bitcoin tracks $39K ahead of Europe vote on proof-of-work legality

Bitcoin (BTC) stayed steady at $39,000 into March 14’s Wall Street close as stocks took the opportunity to reclaim some losses.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls need “miracle” $40,600 reclaim

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD unmoved at the opening bell on March 14.

The pair had rebounded from . . . → Read More: Bitcoin tracks $39K ahead of Europe vote on proof-of-work legality

Financial future or false promises? Crypto firms go big on ads in 2022

Advertisements are in abundance everywhere we go — from billboards seen throughout road trips to commercials displayed every fifteen minutes or so during television shows. It’s also the case that most advertisements today display messages from major internet-based brands like Amazon, which was ranked as the largest advertiser in the United States in 2020. . . . → Read More: Financial future or false promises? Crypto firms go big on ads in 2022

Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity

As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially for the general public across the world. 

Joining this discussion online, Tesla CEO Elon Musk asked publicly about the probable inflation . . . → Read More: Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity

Top 5 cryptocurrencies to watch this week: BTC, DOT, SAND, RUNE, ZEC

Bitcoin (BTC) has been relatively calm during the weekend, indicating that traders are playing it safe and not waging large bets before the upcoming Federal Open Market Committee meeting on March 15 and March 16. The quantum of the rate hike could act as the next trigger for the crypto markets.

The current neutral . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, DOT, SAND, RUNE, ZEC

Bitcoin drifts into weekly close while Fed rate hike looms as next major BTC price trigger

Bitcoin (BTC) upped the volatility into the weekly close on March 13 as markets braced for geopolitical and macroeconomic cues.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Long-awaited Fed action set to come this week

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it again came close to testing $38,000 support during Sunday.

. . . → Read More: Bitcoin drifts into weekly close while Fed rate hike looms as next major BTC price trigger

6 Questions for Joe DiPasquale of BitBull Capital

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!

This week, our 6 Questions go to Joe DiPasquale, CEO of BitBull Capital — a company that manages a bundle of crypto hedge funds . . . → Read More: 6 Questions for Joe DiPasquale of BitBull Capital

What is Solana (SOL) Pay, and how does it work?

PayPal was a massive innovation in the payments processing industry. The financial brainchild of Peter Thiel, Max Levchin and eventually, Elon Musk aimed far ahead of its time, facilitating instant payments between customers, businesses and more while utilizing the internet.

Solana (SOL) Pay is considered by many to be the next innovation in the . . . → Read More: What is Solana (SOL) Pay, and how does it work?

23-year-old Australian buys $314k property via planned crypto investments

A young resident from Queensland, Australia, played the long game of accumulating Bitcoin (BTC) and Ether (ETH) over several years to eventually overcome the soaring real estate prices during the 2020 bull run and own his dream home.

The 23-year-old Loi Nguyen started his journey as an investor back in 2017 by purchasing a . . . → Read More: 23-year-old Australian buys $314k property via planned crypto investments

Decentralized finance as a new globalization accelerator

Those who studied history well might remember the city-states of medieval Europe. Back then, caravans of merchants traveled from one city-state to another, bringing luxury goods and news from far-away places. It was this lifestyle that enabled these merchants with freedom of mobility and choice. It is a very similar concept to the one . . . → Read More: Decentralized finance as a new globalization accelerator

Russia and Belarus face crypto sanctions, Crypto.com hounds users for loan payments and Biden signs executive order on crypto: Hodler’s Digest, March 6-12

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Biden to sign executive order on crypto, authorize all-government . . . → Read More: Russia and Belarus face crypto sanctions, Crypto.com hounds users for loan payments and Biden signs executive order on crypto: Hodler’s Digest, March 6-12

In defense of crypto: Why digital currencies deserve a better reputation

Ever since its inception and throughout its turbulent journey toward mainstream acceptance, crypto has elicited both enthusiasm and trepidation in equal measure. After the unfair battering it has received over the years, the time has come to defend digital currencies.

Unfortunately for crypto, first impressions count. Bitcoin (BTC) initially gained a tawdry reputation in . . . → Read More: In defense of crypto: Why digital currencies deserve a better reputation

Bitcoin threatens $38K as 3-day chart hints at March 2020 Covid crash repeat

Bitcoin (BTC) further tested $38,000 overnight as the weekend began with uncertainty among traders.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 3-day chart could be “precursor” for weekly 

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $39,000 after several attempts to break $38,000 support.

The pair had also seen a brief spurt . . . → Read More: Bitcoin threatens $38K as 3-day chart hints at March 2020 Covid crash repeat

Crypto education can bring financial empowerment to Latin Americans

In October 2021, it was estimated that approximately 15% of the world’s supply of Bitcoin (BTC) was in circulation in Latin America. According to a recent report released by Crypto Literacy, however, 99% of Brazilian and Mexican respondents failed a basic assessment on crypto literacy. Crypto adoption is well underway across the region — . . . → Read More: Crypto education can bring financial empowerment to Latin Americans

Immutable X gains 50% following the close of a $200M fundraising round

Nonfungible token (NFT) projects have been hard hit by the price decline across the cryptocurrency ecosystem and the current bearish conditions have spared few tokens from a price collapse.

One project that is attempting to get back on solid footing is Immutable X (IMX), an NFT-focused layer-2 scaling solution for the Ethereum network designed to . . . → Read More: Immutable X gains 50% following the close of a $200M fundraising round

Altcoin Roundup: DeFi token prices are down, but utility is on the rise

The decentralized finance (DeFi) sector has been sitting in the backseat since whipping up a frenzy in the summer of 2020 through the first quarter of 2021. Currently, investors are debating whether the crypto sector is in a bull or bear market, meaning, it’s a good time to check in on the state of . . . → Read More: Altcoin Roundup: DeFi token prices are down, but utility is on the rise

Bitcoin derivatives metrics reflect traders’ neutral sentiment, but anything can happen

Bitcoin’s (BTC) last daily close above $45,000 was 66 days ago, but more importantly, the current $39,300 level was first seen on Jan. 7, 2021. The 13 months of boom and bust cycles culminated with BTC price hitting $69,000 on Nov. 10, 2021.

It all started with the VanEck spot Bitcoin exchange-traded fund being . . . → Read More: Bitcoin derivatives metrics reflect traders’ neutral sentiment, but anything can happen

Price analysis 3/11: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Bitcoin (BTC) has been volatile in the past few days but the long-term investors seem to be using the current weakness to buy. 

According to Whale Alert and CryptoQuant, about 30,000 BTC left Coinbase and was deposited in an unknown wallet. It is speculated to be a genuine purchase and not an in-house transaction.

. . . → Read More: Price analysis 3/11: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Haven Protocol (XHV) shows strong signs of bottoming out after crashing 90%

Haven Protocol (XHV) showed signs of returning to its bullish form as its price doubled in just five days of trading.

What’s pumping Haven Protocol?

XHV’s price surged by up to 107% week-to-date to climb above $3.60 on March 11, its highest level in more than three months. Interestingly, the move upside followed a . . . → Read More: Haven Protocol (XHV) shows strong signs of bottoming out after crashing 90%

Valkyrie Investments‘ Leah Wald on Bitcoin ETFs and the future of digital assets

Cointelegraph sat down with Leah Wald, CEO of digital asset investment firm Valkyrie Investments, to learn more about the importance of a Bitcoin (BTC) exchange-traded fund (ETF) and the future of digital assets. 

For context, Valkyrie Investments was launched in 2021 and is one of the only asset managers to have three Bitcoin-adjacent . . . → Read More: Valkyrie Investments‘ Leah Wald on Bitcoin ETFs and the future of digital assets

Manzi the magnificent: From millionaire at 16 to incredible IoT inventor

A self-made millionaire by 16, Jonathan Manzi is no ordinary entrepreneur. Now 31, the past 15 years have seen him start an energy drink business but shutter it once he realized that there wasn‘t enough of the required kava-plant ingredient in the world to feed his ambitions of competing against Gatorade.

Becoming the . . . → Read More: Manzi the magnificent: From millionaire at 16 to incredible IoT inventor

Is the Ukraine war intensifying regulatory pressure on crypto firms?

Whose side are you on? The Ukraine-Russia war is forcing people to answer that question. For some in the crypto community, this can be uncomfortable because if an individual or project stands with the West against Russia, it also means it abides by sanctions. This can be tough to square with crypto/blockchain’s supposed decentralized . . . → Read More: Is the Ukraine war intensifying regulatory pressure on crypto firms?

Self-made wealth more likely to flow into crypto than inherited: Report

Self-made wealthy individuals worldwide appear more likely to invest in cryptocurrencies like Bitcoin (BTC) as opposed to those whose wealth is mostly inherited, a new survey suggests.

Wealth-X, a research startup focused on wealth information, released a new report on the peculiarities of crypto investments made by wealthy people worldwide on Thursday.

This report . . . → Read More: Self-made wealth more likely to flow into crypto than inherited: Report

Bitcoin spikes above $40K as potential ‘positive shifts’ arise between Russia and Ukraine

Bitcoin (BTC) saw instant volatility on March 11 amid the hope that the Russia–Ukraine conflict could find a diplomatic solution.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hope rises — but so do Bitfinex shorts

Data from Cointelegraph Markets Pro and TradingView shows BTC/USD briefly surging $1,400 before reversing to consolidate below $40,000 on March . . . → Read More: Bitcoin spikes above $40K as potential ‘positive shifts’ arise between Russia and Ukraine

Polygon’s focus on building L2 infrastructure outweighs MATIC’s 50% drop from ATH

After a devastating 50% correction between Dec. 25 and Jan. 25, Polygon (MATIC) has been struggling to sustain the $1.40 support. While some argue this top-15 coin has merely adjusted after a 16,200% gain in 2021, others point to competing scaling solutions growth.

MATIC token/USD at FTX. Source: TradingView

Either way, MATIC remains 50.8% . . . → Read More: Polygon’s focus on building L2 infrastructure outweighs MATIC’s 50% drop from ATH

Ethereum’s ‘consensus layer’ contract hits 10M ETH staked

Quantitative analysis conducted on popular blockchain site Etherscan indicates that 184,441 transactions have been responsible for 10.2 million Ether (ETH) staked into the Eth2 (consensus layer) deposit contract since inception on Nov. 4 last year. This figure is equivalent to over $26 billion, based upon current Ethereum prices.

Mathematical calculations suggest that the milestone was . . . → Read More: Ethereum’s ‘consensus layer’ contract hits 10M ETH staked

Bitcoin spoofs $40K breakout as US CPI inflation data conforms to 7.9% estimates

Bitcoin (BTC) turned back time to February on March 10 as the latest U.S. inflation data sparked a bout of volatility.

BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Wheat gives Bitcoin a run for its money

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reacting strongly to February’s Consumer Price Index (CPI) readout.

. . . → Read More: Bitcoin spoofs $40K breakout as US CPI inflation data conforms to 7.9% estimates

Inflation spikes in Europe: What do Bitcoiners, politicians and financial experts think?

Rising prices are grabbing headlines all over the world. Across the pond in the United States, inflation recently broke a 40-year record. The situation is severe in Europe, with prices rising over 5% across the Eurozone and 4.9% in the United Kingdom. 

While prices rise, Bitcoin (BTC) is flatlining at around $39,000. It poses many questions: . . . → Read More: Inflation spikes in Europe: What do Bitcoiners, politicians and financial experts think?

Okcoin launches $165M collective investment to push Bitcoin adoption

Cryptocurrency exchange Okcoin, along with the Stacks Accelerator and Stacks Foundation, announced on Thursday the start of the “Bitcoin Odyssey,” a one-year commitment among investment firms to invest $165 million in inventive solutions to help drive Bitcoin (BTC) adoption.

The Bitcoin Odyssey is funded by Digital Currency Group, GBV Capital, White Star Capital . . . → Read More: Okcoin launches $165M collective investment to push Bitcoin adoption

While Bitcoin price starts 2022 with a slump, mining difficulty is on the rise

Since the start of 2022, Bitcoin (BTC) has seen a decline in price by more than 40% from its all-time high (ATH) of $69,044.77 on Nov 10, 2021.

This price volatility hasn’t affected the network’s ability to increase miners’ difficulty to obtain Bitcoin. As competition among miners continues to grow, Bitcoin’s difficulty reached a . . . → Read More: While Bitcoin price starts 2022 with a slump, mining difficulty is on the rise

Gas heater broke down? I’ll just heat my caravan with a Bitcoin miner

Michael Schmid first made contact with Bitcoin (BTC) in 2013; he installed Bitcoin core, mined a few BTC then bought some Bitcoin from MtGox. Schmid told Cointelegraph that shortly after the infamous Mt. Gox hack, in which Schmid lost his Bitcoin, he also “lost interest.”

Timewarp to 2020 and Schmid got “very active again,” . . . → Read More: Gas heater broke down? I’ll just heat my caravan with a Bitcoin miner

Ethereum gas fees drop to lowest levels since August 2021

Gas fees for transactions on the Ethereum blockchain have dropped to the lowest levels since August. But, they’re still not cheap.

According to data sourced from Coin Metrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of Wednesday totaled $11.14, placing it back among the levels recorded . . . → Read More: Ethereum gas fees drop to lowest levels since August 2021

Monero, Kyber Network and Tornado Cash break out as traders pile into privacy protocols

Stocks and cryptocurrencies saw a notable bounce on March 9 even though war, rising inflation and historically high oil prices have investors uncertain about the future.

Bitcoin (BTC) price surged to $42,600 in the early trading hours and several altcoins followed suit with double-digit gains.

Top 7 coins with the highest 24-hour price change. . . . → Read More: Monero, Kyber Network and Tornado Cash break out as traders pile into privacy protocols

Price analysis 3/9: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Bitcoin (BTC) soared on March 9 as the Dow futures recovered sharply and United States Treasury Secretary Janet Yellen’s statement on President Joe Biden’s executive order regarding digital assets, which was released a day earlier by error, contained positive statements about the crypto industry.

For the past few days, investors seem to have been . . . → Read More: Price analysis 3/9: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Does the future of DeFi still belong to the Ethereum blockchain?

Ethereum is a decentralized finance giant that has seen significant growth over the past few years, spurred on by events like “DeFi Summer” and the rise of nonfungible tokens (NFTs). 

Ethereum’s popularity, however, may be leading to its downfall, as other protocols look to eat away at or completely consume its market position.

. . . → Read More: Does the future of DeFi still belong to the Ethereum blockchain?

Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape joins in

On Wednesday, total crypto donations across Ukrainian government wallet addresses, charities and relief efforts tracked by Cointelegraph has reached $108 million. The top three recipients of such funds are the official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Ukrainian government, and a BTC donations address for Come Back Alive. 

The same . . . → Read More: Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape joins in

Bitcoin still on track to reach $100K by 2023, says Bitbull Capital CEO

Bitbull Capital CEO Joe DiPasquale thinks Bitcoin (BTC) is still on track to reach $100 thousand within the next 24 months despite the bearish sentiment dominating the crypto markets since the start of the year. “I think 2023 is a safe bet. We might need some time during 2022 to take a breath and . . . → Read More: Bitcoin still on track to reach $100K by 2023, says Bitbull Capital CEO

Trader gives $44K BTC price target as Bitcoin shrugs off executive order ‘nothingburger’

Bitcoin (BTC) held onto swift gains at the Wall Street open on March 9 as nerves over U.S. regulatory moves calmed. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Executive order enters with a whimper

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $42,000 into the start of trading on March 9.

The pair . . . → Read More: Trader gives $44K BTC price target as Bitcoin shrugs off executive order ‘nothingburger’

Web3 platform integrates social commerce app into Circle’s payment infrastructure

Web3 infrastructure platform Our Happy Company has announced their inaugural product, OurSong — a social commerce mobile application designed to enable digital creators to monetize their content and cultivate their communities via nonfungible tokens (NFTs) — will utilize Circle’s established payment infrastructure to drive demand in the creator economy.

Our Happy Company was . . . → Read More: Web3 platform integrates social commerce app into Circle’s payment infrastructure